USD/CAD holds below 1.3900 on dovish Fed bets, eyes on US PMI data
USD/CAD trades with mild gains 1.3880 in Monday’s early European session. The uptick of the pair is bolstered by the risk-off sentiment. Traders expect one more 25 bps rate cut by the BoC in its September meeting.
BUY USDCAD now zone 0.38700-0.38500
↠ Stoploss 0.38300
→ Take Profit 1 0.39000
→ Take Profit 2 0.39700
USD/CAD trades with mild gains 1.3880 in Monday’s early European session. The uptick of the pair is bolstered by the risk-off sentiment. Traders expect one more 25 bps rate cut by the BoC in its September meeting.
BUY USDCAD now zone 0.38700-0.38500
↠ Stoploss 0.38300
→ Take Profit 1 0.39000
→ Take Profit 2 0.39700
Trade active
+ 20 pipsTrade closed: stop reached
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JOIN OUR FREE TELEGRAM GROUP t.me/+7rqP7ECMjpUxMzBl
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.